BUSINESS ADMINISTRATION
BUSINESS LAW
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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Which form of business has the greatest potential for attracting professional managers?
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sole proprietorship
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partnership
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corporation
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Explanation:
Detailed explanation-1: -The corporate form of organization offers several advantages, including limited liability for shareholders, greater access to financial resources, specialized management, and continuity.
Detailed explanation-2: -Correct Answer: Option C) Corporation. Explanation: It is the corporate form of business organization that can attract new capital.
Detailed explanation-3: -In recent years the LLC has become the most popular form of business organization in the United States. An LLC may be solely owned or it may have several owners. The owners of an LLC are called members.
There is 1 question to complete.